Income protection sales reach highest level in 15 years

This article is inspired by a cheery sign from the Financial Conduct Authority (FCA). Hidden down the back of the sofa of the FCA website are details of the product sales its predecessor, the Financial Services Authority, thought were worth keeping an eye on back in 2005. For protection these are critical illness and income protection policies. The cheery sign is that in H1 of 2019, sales of income protection reached their highest level since FCA records began in Q2 of 2005. The fall and rise of income protection Despite being the most needed of the three long-term protection p...